Health Net of the Northeast, which sold its membership and insurance licenses to UnitedHealthcare last year, plans to shutter its Shelton, Conn., offices by March 2012.
Two insurance bills, including one to allow captive insurers companies to operate in New Jersey, are expected to move through the state’s General Assembly.
Capital BlueCross and its subsidiaries eliminated 182 positions March 31, the latest step in its effort to lower operating costs and improve its efficiency, and a sign its technology improvements are paying off, the company said.
A division of United Health Group is realigning some of its Medicare Advantage telephone sales functions in Florida, meaning the loss of 191 telesales positions March 31. Employees were told earlier this month.
Calling it a “regrettable but necessary” reduction of its workforce, Humana announced it will cut 2,500 positions this year, but balance that with 1,100 additional jobs in some departments, including medical-cost containment, specialty products and pharmacy management.
While no one is ready to declare that health reform initiatives being weighed by Congress are dead, Democrats and Republicans have very differing views of the condition of one final piece of comprehensive legislation.
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.